Article ID Journal Published Year Pages File Type
5072045 Games and Economic Behavior 2012 13 Pages PDF
Abstract
► Paper provides new perspective on contracts with endogenous information. ► Agent can acquire private information either before or after contract is signed. ► Some outcomes are only implementable by stochastic contracts. ► Full surplus extraction is compatible with incentives for information acquisition.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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